15505 Ronald Reagan Hwy Covington, LA 70433
- Land
- 2.39 lot acres
Current Use by Public Records
- Land
Property Details for 15505 Ronald Reagan Hwy
- Lot size
- 2.39 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 2.39-acre commercial parcel is ideally situated on Highway 190 in Covington, Louisiana, boasting a prime location with high visibility and strong traffic counts. Zoned C-2 Highway Commercial, this property offers a multitude of development opportunities, including retail, office, medical, or industrial uses. The site is conveniently located near a new Dollar General, Covington High School, and recreational fields, ensuring high foot and vehicle traffic. The City of Covington has indicated willingness to allow sewer connection, subject to use and capacity. This lot is part of a larger 8.279-acre tract, and the seller is open to subdividing, offering flexibility for various project sizes. The asking price is $312,325, representing a price per acre of $130,680. Owner financing is available, making this an attractive investment opportunity for developers and businesses seeking a strategic location along the thriving Highway 190 corridor in North Covington. The property is approximately 0.5 miles west of Covington High School. A mock site plan with proposed lots is available, though modifications are possible. The price per square foot is $3.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- St Tammany Parish
- State
- Louisiana
- Longitude
- -90.1429
- Latitude
- 30.493
